On January 1,Alistair Manufacturing Had a Beginning Balance in Work-In-Process

On January 1,Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $164,000 and a beginning balance in Finished Goods Inventory of $25,000.During the year,Alistair incurred manufacturing costs of $202,000. During the year,the following transactions occurred:
Job C-62 was completed for a total cost of $140,000 and was sold for $157,000.
Job C-63 was completed for a total cost of $181,000 and was sold for $212,000.
Job C-64 was completed for a total cost $82,000 but was not sold as of year-end.
The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end.
What was the amount of gross profit reported by Alistair at the end of the year?

A) $48,000
B) $72,000
C) $17,000
D) $31,000